Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1887-03-15
THE GREAT R. R. DEAL
JAY GOULD AND THE WESTERN UNION
MUST STAND PROM UNDER
A Great Combination Of Systems AnasOnishe :
the Western UniOn-Garstt 10 Retire
Sully Master Of the StaaiSn-Iay
Gould Behind the Scenes

NEW YORK, March IA Baltimore
special to the Herald says: There was n
story at the Maryland Club last evening
that there would he a great stir in tele-
graphic matters in day or two. 1t was
said that the b. & o. Telegraph Company
would be put upon an independent basis
and enter the field with renewed vigor rs
the most formidable competitor to the
greatest monopoly the century has seen.
Mr.. Robert Garrett, when asked about II,
said as usual: ~ have nothing to say"
Your representative is informed upon the
best authority, however, that Master Jay
is going to have hard times with his teTe-
graphic business during the coming year.
as the Baltimore and Ohio Telegraph Com
pany will assume proportions OF great
magnitude within few days. II is now
an accomplished fact that the Baltimore
and Ohio railroad system has absorbed the
Richmond Terminal properties, establish
ing the Southern connection, aud the Read
ing and New jersey Central properties will
connect il with New York city. The road
will be operated on q conservative basis
and it will appeal to the City of Baltimore
and the State OF Maryland TO help II in
making the road greater than the Penn
sylvania.
Congress will be petitioned TO permit the
erection of bridge across the Potomac at
Alexandria, where the ferry is now operat-
ed. The surplus will be bonded. New
bonds at o low rate Of interest will be
placed on the property in lieu of those now
upon it, and arrangements will be made
with the Pullman Company for the
sleeper" privilege, and the Adams Ex-
press will have the express" privilege
The telegraph will be taken out of the
scheme, so far rs the public business goes,
and be made separate corporation. The
road will he put in thorough order. In n
few days the full particulars will be made
public.
TO BE WORKED As ONE SYSTEM.
The Herald, in its local column, says ::
"Advices from Baltimore also assured Ger
tain persons that the deal was consum-
mated. The important part, however, was
the announcement that the syndicate, in
taking the plant Of the u. Il o. Telegraph
Company, will detach il from the railroad.
1t will then be capitalized for its full value.
The United Lines Telegraph, consisting OF
the Bankers and Merchants American
Rapid and Postal Companies, will he COM
bined with the Baltimore and Ohio and
worked as one system. This will be the
consolidation of all the telegraphic inter
ests in the country antagouistic 10 the
Western Union, aud will prove rival more
formidable TO the latter than the country
has ever known.
"A fnancier we'll informed, said last
night that the report had sure founda-
tion, aud that the prime movers in this
deal were Mackay and Garrett, and that II
was probable that either one or the other
would be the President ofthe new company.
The visiting Baltimore and Ohio officials
had less TO do in arranging the deal with
the Adams Express Company, 20 give it 10
the Baltimore and Ohio Express business,
than they had in periecting the telegraphc
combination. Ii has been believed for q
week, and in fact stated on the authority
OF President Dinsmore and General Mana
ger Hoey, Of the Adams Express Company.
that this part of the B. K o. deal would
20 through even if everything thing else
failed"
sUILY MASTER OF THE SITUATION.
A Baltimore special to the Times says:
"The control of the Baltimore and Ohio
Railroad will be sold to Alfred Sully il he
can raise the money TO purchase it. IL be
can not, il will pass into the hands Of 9th
ers who are now ready TO undertake nego-
tiations. In either event Robert Garrett
will no longer be identified with its active
management. This is absolute, positive
and authoritative, AZ matters stood last
night, and this can be stated on iniorma
ton from unquestionable s0urces-Mr.
Sully is master Of the situation, and, until
he cOnfesses himself unable TO bring to-
gether TO finaRcial and other interests that
must he rec0ncied 10 assure the success Of
the undertaking, no one can step in and
buy the road over his head. Mr.. Garrett
awaits Mr. Sully's pleasure, and, despite
the fact that his original option has ex-
pired, he intends to continue waiting for
Mr.. Sully few days longer.
"Therp is a great deal more strength in
the position which Mr.. Sully occupies In
the pending deal than he has been given
credit for. To he sure he cannot get along
without the aid of Mr.. Gould, Mr.. Corbin
and President Roberts, OF the Pennsy Iva
nia-interests which he at frst thought
could be readily allied-but, on the other
hand, the important fact remains that
~ ~
without Mr.. Sully's cooperation, for 1t
may as we'll he understood at the Outset
that Mr.. Garrett is going 10 choose his own
purchaser Of the great road that was left 10
his care. as the idol Of his family and the
pride Of his native State He went 10 Mr.
Sully-Mr. Sully did not go 20 him and
uutil that gentleman gets ready 20 drop
out Of the negotiations Mr.. Garrett will
remain wholly passive in the matter.
GOULD's FINGER IN THE PIE.
Thus Gould and the Pennsylvania
Railroad hold together the keys 10 the
whole situation. Mr.. SuIly'- one hope
lies in their willingness to come into the
arrangement, and this they are strong
enough 10 decline 10 do except on their
own terms. InOuRn matbIh IOpbeh "ut
enough for Mr.. Sully Saturday night
among those who knew the situation,
they have Frightened up a great deal
since then. A private dispatch received
| in this city last night from New Yorker,
equally eminent there in politics and in
finance. stated that ~. q. G."--rneaniDg Of
course Jay Gould-tbinks an arrangement
with both the Pennsylvania and Reading
by which the baltimore and Ohio can reach
New York could be made. Mr. Gould's
position in the matter is that he will not
20 into il unless the Pennsylvania inter.
ests are harmonized, and should they be
30 fixed he wants q large interest in the
combination. The size Of the interest il
now 10 be settled. and il evident from the
dispatch Just quoted il is in fair way 70
be amicabiy adjusted. Mr. Gould's con.
nection with the Pennsylvania il known
10 be close, and il IL thought that he and
President Roberts have already come 70 an
understanding.
The Tine says that stock brokers were
betting freely at the Windsor Hotel yester.
day that when the smoke clears away the
new owner Of the 3. & o. would be found
IN bS Iay (,ould